ISLAMABAD: Overall Rs7.6 trillion federal budgetary outlay has been set for next fiscal year 2020-21 as the Prime Minister Imran Khan-led government of Pakistan Tehreek-e-Insaf (PTI) approved Budget Strategy Paper 2020-21, local media reported.
The PTI government will present its third federal budget in June. The federal cabinet approved the strategy paper the other day in which record Rs1 trillion in additional taxes have been imposed.
Inflation target, though slightly coming down currently, has been set for 8.4 percent in the new fiscal year as the Cabinet approved three percent gross domestic target (GDP) target.
Rs4.64 trillion out of Rs7.6 trillion has been proposed for debt servicing, the strategy paper revealed.